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LKQ Corporation (LKQ - Free Report) , based in Chicago, IL, is a provider of recycled OEM automotive replacement parts and related services. It has operations in North America, Europe and Taiwan.
The company is facing challenges due to lower gross margins and currency headwinds. Moreover, the Andrew Page acquisition has been adversely impacting the company.
Estimate Trend & Surprise History
Investors should note that the first-quarter 2017 earnings estimate for LKQ Corp has been declining over the past two months.
The company has a mixed record of earnings surprises. It has surpassed the Zacks Consensus Estimate in one of the trailing four quarters, missed in one and come at par in two, leading to an average positive surprise of 0.52%. Thus investors are eagerly awaiting LKQ Corp’s latest earnings report.
Zacks Rank
LKQ Corp currently has a Zacks Rank #4 (Sell), but that could change following its earnings report which was just released. We have highlighted some of the key stats from this earnings announcement below:
Earnings
LKQ Corp’s adjusted earnings were 49 cents per share in the first quarter of 2017, higher than 42 cents recorded in the year ago quarter. Moreover, earnings per share surpassed the Zacks Consensus Estimate of 46 cents.
LKQ Corp reported record revenues of $2.34 billion, up 21.9% year over year. Revenues also surpassed the Zacks Consensus Estimate of $2.31 billion.
Key Stats/Developments to Note
For 2017, LKQ Corp continues to expect Organic revenue growth for parts & services in the range of 4% to 6%. Adjusted income from continuing operations is expected between $565−$595 million, from the prior expectation of $560−$590 million. Earnings per share in 2017 are expected to be in the range of $1.82–$1.92, up from the prior expectation of $1.80–$1.90.
Market Reaction
LKQ Corp’s shares were inactive following the earnings release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on LKQ Corp’s earnings report!
Looking for Ideas with Even Greater Upside?
Most of Zacks’ investment ideas are short-term, directly based on our proven 1 to 3 month indicator. In addition, I invite you to consider our long-term opportunities. These rare trades look to start fast with strong Zacks Ranks, but carry through with double and triple-digit profit potential. Starting now, you can look inside our home run, value, and stocks under $10 portfolios, plus more. Click here for a peek at this private information>>
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LKQ Corp (LKQ) Q1 Earnings & Revenue Beat Estimates
LKQ Corporation (LKQ - Free Report) , based in Chicago, IL, is a provider of recycled OEM automotive replacement parts and related services. It has operations in North America, Europe and Taiwan.
The company is facing challenges due to lower gross margins and currency headwinds. Moreover, the Andrew Page acquisition has been adversely impacting the company.
Estimate Trend & Surprise History
Investors should note that the first-quarter 2017 earnings estimate for LKQ Corp has been declining over the past two months.
The company has a mixed record of earnings surprises. It has surpassed the Zacks Consensus Estimate in one of the trailing four quarters, missed in one and come at par in two, leading to an average positive surprise of 0.52%. Thus investors are eagerly awaiting LKQ Corp’s latest earnings report.
Zacks Rank
LKQ Corp currently has a Zacks Rank #4 (Sell), but that could change following its earnings report which was just released. We have highlighted some of the key stats from this earnings announcement below:
Earnings
LKQ Corp’s adjusted earnings were 49 cents per share in the first quarter of 2017, higher than 42 cents recorded in the year ago quarter. Moreover, earnings per share surpassed the Zacks Consensus Estimate of 46 cents.
LKQ Corporation Price and EPS Surprise
LKQ Corporation Price and EPS Surprise | LKQ Corporation Quote
Revenues
LKQ Corp reported record revenues of $2.34 billion, up 21.9% year over year. Revenues also surpassed the Zacks Consensus Estimate of $2.31 billion.
Key Stats/Developments to Note
For 2017, LKQ Corp continues to expect Organic revenue growth for parts & services in the range of 4% to 6%. Adjusted income from continuing operations is expected between $565−$595 million, from the prior expectation of $560−$590 million. Earnings per share in 2017 are expected to be in the range of $1.82–$1.92, up from the prior expectation of $1.80–$1.90.
Market Reaction
LKQ Corp’s shares were inactive following the earnings release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on LKQ Corp’s earnings report!
Looking for Ideas with Even Greater Upside?
Most of Zacks’ investment ideas are short-term, directly based on our proven 1 to 3 month indicator. In addition, I invite you to consider our long-term opportunities. These rare trades look to start fast with strong Zacks Ranks, but carry through with double and triple-digit profit potential. Starting now, you can look inside our home run, value, and stocks under $10 portfolios, plus more. Click here for a peek at this private information>>